Stimulus checks and older adults: Third payment eligibility rules for retired people, SSI, veteransFebruary 20, 2021
Congress is working through the details of President Joe Biden’s, and the for it includes. If you’re over age 65 and retired, a veteran or receive , you might have questions as to whether you and your will , and , particularly . We also know and what that means for you.
If all or part of yournever arrived, you might want to know how to claim it as an on your tax return this year — .
We’ve got all of the information you need about the third check that could affect the, including your , , pension, and whether you . This story was recently updated.
Who does the IRS consider to be an older adult?
Anyone aged 65 or older at the end of 2019 is considered athat year and beyond. (If you have questions about citizenship requirements, see more below.)
How can I find out if I’m eligible to receive a stimulus check?
For the first and second stimulus checks, whether you were eligible for any stimulus money (and if you were,) depended on whether you were and the amount of your , from your 2019 federal tax filing.
If you have a pension or investments that are taxable, those will affect your AGI, and therefore your. The same is true for interest from a bank account. However, interest from tax-exempt bonds isn’t included in your AGI, so it wouldn’t affect your stimulus payment eligibility.
For a potential, some of the eligibility rules are likely to change — read on for more.
How much money could I get in a third stimulus check if the eligibility rules change?
There are several ways that. also includes a payment of , no matter their age, to be added on to the household’s total. That means if you support an , for example a college student, you may be able to get a in the next round, if this qualification makes it into the final bill.
The move, if approved, would People’s Policy Project.on behalf of an estimated 13.5 million adult dependents, according to the
Biden’s plan also includes families with, where members have different immigration statuses. Both of these groups were left out of the first and second stimulus payments.
Congress is also debating whether it will, which could impact people who have significant investment income.
Here are other ways some households could potentiallyor .
Am I eligible for stimulus money if I’m an SSI or SSDI recipient?
If you’re over age 65 and a recipient of Supplemental Security Income or Social Security Disability Insurance, you were eligible for a first and second stimulus check, and should be eligible for a third. Find out .
I’m still missing money from the first or second stimulus check. How do I claim it during tax season?
Now that it’s, if you you’ll likely need to claim a missing payment using the — that includes people who , too.
However, we recommend getting a little more information by using the IRS’ free. If you use the Recovery Rebate Credit, your stimulus allotment will either be bundled with your or you’ll pay less tax in your return. We recommend and registering your bank account for .
I’m a nonfiler. Do I have to file a tax return this year to claim my missing stimulus payment?
Ais a person who isn’t required to . The requirement to depends on your gross income, which is all income you receive in the form of money, goods, property and services that aren’t tax-exempt (more below). For 2019, the standard deduction amount for single filers was $12,200.
However, if you’re claiming missing stimulus money in a, even nonfilers will have to file a tax return this year. You may be able to use a . You will, however, .
Your gross income is different from your, which is your gross income minus any eligible adjustments that you may qualify for. (Find out .)
If you’re age 65 or older, you should file taxes under the following circumstances:
- Single filer with at least $13,850 in gross income.
- Head of household with at least $20,000 in gross income.
- Married filing jointly (if one spouse is 65 or older, $25,700 in gross income; if both spouses are 65 or older, $27,000 in gross income).
- Married filing separately (any age).
- Qualifying widow(er) age 65 or older with at least $25,700 in gross income.
In the 2019 tax year, the IRS introduced Form 1040-SR, US Tax Return for Seniors. This form is basically the same as Form 1040, but has larger text and some helpful information for older taxpayers.
What is my ‘gross income’ and how do I find it?
Your gross income doesn’t include any Social Security benefits unless:
- You’re married but filing separately and lived with your spouse at some point in 2019.
- Half your Social Security benefits plus your other gross income and any tax-exempt interest is more than $25,000 filing single (or $32,000 if married, filing jointly).
If either of those is the case for you, you can check out the Instructions for Forms 1040 and 1040-SR or Pub. 915, Social Security and Equivalent Railroad Retirement Benefits to figure the taxable part of Social Security benefits you must include in gross income.
How do I know if someone else claims me as a dependent on their taxes?
Some older people mayon someone else’s taxes, called a “qualifying relative.” For example, you may live with your children. In terms of stimulus check qualifications for the second payment, the main tax filer would’ve had to claim you as a dependent on their tax form 1040 in 2019.
A qualifying relative can be any age. To be counted as a qualifying relative on someone’s tax return, the person must meet four criteria. They…
- Don’t count as a .
- Live with the family member all year as a member of the household, or count as a relative who doesn’t have to live with the family member all year (such as a parent or grandparent, a stepparent or a sibling).
- Must have a gross income for the year of less than $4,200.
- Must have more than half of their support during the year come from the family member.
If you were a dependent on someone else’s taxes and were over the age of 16, you weren’t qualified for any stimulus money at all in the first or second round of stimulus checks. Biden’s current proposal, however, would allow dependents of all ages to be eligible to add up to.
I’m over age 65 and have dependents, but didn’t get money for them in my first or second check. What should I do?
If you’re age 65 or older and have a child dependent age 16 or younger who qualified for an, or an , you’ll have to claim your stimulus payment on behalf of eligible dependents as a .
These groups of older adults were eligible for the previous stimulus payments
And what about veterans, dependents and members of SSI and SSDI programs?
Social Security recipients and retired railroad workers who weren’t required to file a tax return in 2018 or 2019 were eligible for the first two stimulus payments — and weren’t required to file a tax return to get their check, according to the IRS. The payments were based on information contained in their 1099 benefit statements, with no additional paperwork required.
Supplemental Security Income recipients without dependent children should have received stimulus payments automatically, without having to file any additional paperwork. The same is true for people who receive Compensation and Pension benefits from the Department of Veterans Affairs.
People who are part of the Social Security Disability Insurance program who weren’t required to file tax returns for 2018 or 2019 should also have automatically received a first and second stimulus payment. (Find out more about.) If you didn’t receive all or part of your money, you’ll need to claim it as a .
However, older people who were claimed as a dependent on 2019 tax forms weren’t eligible for a first or second stimulus check.
I’m not a US citizen but I pay taxes. Am I eligible to get a stimulus payment?
Under the resident aliens,” green card holders and workers using visas such as H-1B and H-2A., non-US citizens, including those who pay taxes, weren’t eligible to receive the $600 payment, unlike with the first round of checks. Under the , who live and work in America were eligible to receive stimulus payments. That includes people the IRS refers to as “
If your citizenship status has changed since you first got a Social Security number, you may have to update the IRS’ records to get your check. US citizens living abroad were also eligible for a first payment.
For the third payment, Biden’s proposal includes checks for— families with members with different immigration statuses — who were left out of the first two checks.
For more, check out what we know so far about aand .